2000: The “I Love You” virus spreads to 55 million computers around the world. The damage reaches billions of dollars.
It was the love letter heard round the world. A little over a year after the Melissa Virus shattered the internet’s innocence, a student in the Philippines got the idea to craft a Visual Basic script [...]
Posts Tagged ‘Panama Canal’
May 4, 2000: Tainted ‘Love’ Infects Computers
May 4th, 2010 |
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March 5, 1904: Tesla’s Having a Ball
March 5th, 2010 |
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1904: Physicist Nikola Tesla attempts to explain the phenomenon of “ball lightning.”
Ball lightning (if it exists at all) is an electrical discharge, usually appearing in spherical shape that, unlike regular lightning, tends to linger awhile. It occurs naturally but rarely, and despite the best efforts of Tesla and others, the exact origin of the phenomenon [...]
Nov. 16, 1904: Vacuum Tube Heralds Birth of Modern Electronics
November 16th, 2009 |
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1904: British engineer John Ambrose Fleming invents and patents the thermionic valve, the first vacuum tube. With this advance, the age of modern wireless electronics is born.
Although the Supreme Court eventually invalidated Fleming’s U.S. patent — ruling that the technology he used for his invention was already known — he remains the acknowledged inventor of [...]
Obama heads to Asia, breaks foreign travel record
November 12th, 2009 |
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US President Barack has travelled to more countries in his first year in office than any of his predecessors and now, will undertake a nine-day tour of Asia.
Since taking office, he has made seven foreign trips and visited 16 countries, three of them twice.
The Asia trip will take him to Japan, Singapore, China and South [...]
Berkshire Hathaway buys BNSF: Express from Omaha
November 5th, 2009 |
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America’s most famous investor buys a railway company
WARREN BUFFETT describes his latest deal as “an all-in wager on the economic future of the United States”. On November 3rd his investment firm, Berkshire Hathaway, agreed to buy the 78% it did not already own of Burlington Northern Santa Fe, America’s second-biggest railway operator, in a deal valued at $44 billion. Saluting the flag has become an integral part of Mr Buffett’s carefully cultivated folksy image, but the deal also looks like a bet on many less stirring ideas, including ever-higher imports from China, heavier traffic through the Panama Canal, higher oil prices and the preservation of coal’s big role in power generation in America.
The purchase is Mr Buffett’s biggest yet, but the size is no surprise. Back in 2002 he said, “We are looking for big deals…We have got an elephant gun and it’s loaded.” Berkshire Hathaway is paying around 30% more for Burlington Northern’s shares than their price on the day before the deal was announced, and barely 10% less than their all-time high. Unlike with Mr Buffett’s $5 billion investment in Goldman Sachs in the depths of the crisis last September (now worth over $7 billion), he could have bagged this elephant for a lot less money: in March, Burlington Northern shares hit a low of $51, compared with the $100 Berkshire is paying for them now. …
Sept. 14, 1904: Birth of the Craziest Road Race Ever
September 14th, 2009 |
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1904: This is the first running of Royal Automobile Club Tourist Trophy, the oldest and craziest road race in the world. The original race features touring automobiles and is won by Clifford Earl, who covers the 255.5 miles in 7 hours and 26 minutes.
Today, we think of the Tourist Trophy race as one of the [...]
Panama Tourism
August 5th, 2009 |
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Panama tourism is as important to the country as it is to the world that wants to explore this tropical paradise. Panama has so much to offer its visitors that one vacation isn’t enough to see it all. So it isn’t surprising that visitors return over and again to see its beaches, rainforests and much [...]